Global Financial Centres Index 22 is produced bi-annually by The China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London

GIFT IFSC has ranked tenth in the list of the GFCI report which has 15 centres that are likely to become more significant in the next few years

About GIFT-IFSC

Gujarat International Finance Tec-City (GIFT) is India's first multi-service SEZ with International Financial Services Centre (IFSC) status which is catering to India's large financial services market by offering global firms, world-class infrastructure and facilities.

The recognition of GIFT IFSC as one of the most significant emerging financial centres by GFCI, London is the testimony of the contribution GIFT IFSC is making in the international financial services business

GIFT IFSC is operational with approximately 10 leading banks, 8 insurance companies and participating brokers, and 2 International Exchanges (India INX and NSE IFSC) along with around 100 capital market players have established their base at GIFT IFSC.

GIFT, a Gujarat government project in partnership with IL&FS is developing India's first global financial hub.